Here’s where President Joe Biden stands on student loan cancellation
. However, that doesn’t mean he will use any executive action to cancel student debt. Rather, Biden has called on Congress to enact wide-scale student loan forgiveness through legislation. Biden has said that he will sign any legislation on student loan forgiveness that Congress sends to his desk. To date, despite rhetoric on social media, Congress has not passed any legislation on wide-scale student loan forgiveness. .Temporary student loan relief will end May 1, 2022.
On this date, student loan interest also will begin to accrue and student loans in default will be subject to collection. While the press release announcing this third extension did not label it as “the final extension,” the Biden administration has advised student loan borrowers to prepare to resume making student loan payments.
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